Addressing Individual Perception: Extending the Technology Acceptance Model to the Interim Payment Method in Construction Projects

Lei Zhu (), Hui Xiong, Yan Ning and Miaomiao Lv
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Lei Zhu: Department of Construction and Real Estate, School of Civil Engineering, Southeast University, Nanjing 210096, China
Hui Xiong: Department of Construction and Real Estate, School of Civil Engineering, Southeast University, Nanjing 210096, China
Yan Ning: School of Management and Engineering, Nanjing University, Nanjing 210093, China
Miaomiao Lv: Engineering Department, Jiangsu Jianfa Construction Project Management Co., Ltd., Nanjing 211599, China

Sustainability, 2023, vol. 15, issue 9, 1-19

Abstract: An increasing trend in late payment and nonpayment of construction projects would hinder the sustainable development of projects by impeding progress or causing disputes. Although the interim payment method is a good practice to solve payment-related problems of construction projects, its acceptance rate is low, and studies on it are few. Therefore, this research aims to extend the Technology Acceptance Model (TAM) to understand practitioners’ acceptance behavior toward the interim payment method. By adopting TAM, this study established an acceptance model of the interim payment method, which consists of four constructs and 25 indicators, and validated it through 131 survey data collected in Jiangsu Province, China. The results showed that the adoption rate for public projects (17%) was much lower than that of private projects (44.8%). The results revealed that environmental factors, perceived usefulness, and attitude increase practitioners’ acceptance, while the perceived ease of use impedes practitioners’ acceptance. In addition, the settlement process and pricing method impact the ease of use the most and could be breakthrough points for improvement in the future. Moreover, the perceived usefulness significantly affects practitioners’ attitudes but does not affect behavioral intention. This study contributes to the body of knowledge of project management by identifying the key causes of the low acceptance of the interim payment method and provides strategies for further improvement. The findings would help to inform the decision-making in policies, strategies, and incentive schemes to increase practitioners’ acceptance in China and worldwide.

Keywords: interim payment; technology acceptance model; perceived ease of use; perceived usefulness; SEM; construction finance (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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